Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / smickey
We owe to creditors, and debtors owe to us.
Creditors are the other organisations whom we bought from
and therefore pay for whatever has been bought. However
debtors bought from our organisation and therefore they
have to owe us.
| Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?
1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?
Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.
What is EBITDA
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
What is the working formula for Working Capital Turnover
Expand ________FIPB
who invented acounts?
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
tell me about a time you had to deal with a conflict between a licensed and unlicensed personnel and how handled the situation?
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
What is the difference between horizontal balence sheet & vertical balence sheet explain in detail.
What are Mortgage Payment Problems?
